Irish

Thursday 24 July 2014

Heinz Irish supplier savours 17pc profit surge to €17.9m

Gordon Deegan

Published 07/01/2013|05:00

  • Share

THE Irish supplier of Heinz Baked Beans and Weight Watchers meals has seen a surge in profits.

  • Share
  • Go To

Pre-tax profits at the main Irish-based subsidiary of US food giant Heinz increased by 17pc last year to £14.6m (€17.9m), new figures show.

Accounts show HJ Heinz Frozen and Chilled Foods Ltd recorded the increase in profits after marginally increasing revenues from £96.3m to £97.4m in the 12 months to the end of April 29.

The filings show that the producer of iconic brands, Heinz Ketchup and Heinz Baked Beanz increased operating profits from £11.6m to £12.2m.

The number employed by the firm last year fell from 276 to 269, with staff costs increasing from £12.3m to £13m.

The group's accumulated profits increased from £52.9m to £64m, while expenses dropped marginally from £72.6m to €72.3m.

Emoluments to directors totalled £757,000, down from £679,000 the previous year.

The profits also take account of non-cash costs of depreciation of £2.6m and amortisation and impairment of trade marks of £91,000.

Irish Independent

Read More

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Editors Choice

Also in Business